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Targovax ASA: First quarter 2017 resultsOslo, Norway, 25 April 2017 - Targovax ASA ("Targovax" or "the Company"; OSE: TRVX), a clinical stage company focused on developing immuno-oncology therapies to target solid tumors, today announces its first quarter 2017 results. A meeting for investors, analysts and press will take place in Oslo today at 10:00 CET and a conference call will take place at 14.00 CET (details below). HIGHLIGHTS FOR THE FIRST QUARTER 2017
- 68%[1] of evaluated patients (13/19) were still alive after two years
POST-PERIOD HIGHLIGHTS
Øystein Soug, CEO said: "2017 is looking to be a transformational year for Targovax. In the first quarter we reached a central value inflection point when we announced encouraging top-line survival data from our phase I/II TG01 trial in resected pancreatic cancer patients. We will be presenting survival, safety and immune activation data from this study in a poster presentation at the ASCO Annual Meeting in June. During the quarter we were pleased to appoint Erik Digman Wiklund as CFO, who joins us from Aker BioMarine Antarctic. This quarter our listing was upgraded to Oslo Børs, the main board at the Oslo Stock Exchange - another exciting milestone for the company." ### Presentation Hotel Continental The presentation will also be webcast live and can be accessed through www.targovax.com. Conference call Call-in numbers: Access code: 10177309# Please make sure to dial in at least 5-10 minutes ahead to complete your registration. See attached list for more dial-in numbers. Reporting material
For further information, please contact Øystein Soug, CEO Media and IR enquires: Julia Phillips/Simon Conway - FTI Consulting (International)
About Targovax Arming the patient's immune system to fight cancer Targovax is a clinical stage company focused on developing and commercializing novel immuno-oncology therapies to target, primarily, treatment-resistant solid tumors. Immuno-oncology is currently one of the fastest growing therapeutic fields in medicine. The Company's development pipeline is based on two novel proprietary platforms: The first platform, ONCOS, uses oncolytic viruses, an emerging class of biological therapy. ONCOS exclusively uses an adenovirus that has been engineered to be an immune activator that selectively target cancer cells. In phase I it has shown to immune activate at lesional level which was associated with clinical benefit. We expect proof of concept data for this platform in 2017 from a clinical trial of lead product ONCOS-102 in patients with refractory malignant melanoma. The second platform, TG peptides (TG), solely targets tumors that express mutated forms of the RAS protein. Mutations to this protein are common in many cancers and are known to drive aggressive disease progression and treatment resistance. There is a high unmet medical need for therapies that are effective against tumors that express these mutations. The TG platform's therapeutic potential stems from its ability to enable a patient's immune system to identify and then destroy tumors bearing any RAS mutations. In early 2017, key proof of concept data for the TG platform from a clinical trial of TG01 in resected pancreatic cancer patients showed encouraging overall survival and will give guidance for the future clinical development of this platform. Targovax's development pipeline has three novel therapeutic candidates in clinical development covering six indications. Both platforms are protected by an extensive portfolio of IP and know-how and have the potential to yield multiple product candidates in a cost-effective manner. Additionally, we have other products in early stages of development. In July 2016, the Company listed its shares on Oslo Axess. In March 2017, the shares were upgraded to Oslo Børs, the main Oslo Stock Exchange. [1] Survival is counted from time of resection which occurred on average two months prior to first treatment Attachments: //www.globenewswire.com/NewsRoom/AttachmentNg/85adfe16-6048-4c5d-958a-6c7f8c61ebb4 Attachments: //www.globenewswire.com/NewsRoom/AttachmentNg/73141110-3d82-4502-8403-822bd76812ea |